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NBS: China's Jan-Aug FAI up 5.8%, but property down 7.4%

During the first eight months, privately-owned enterprises contributed Yuan 20.3 trillion, or 55.3% of the total and up 2.3% on year. China's tertiary industry attracted the most funding among the three industrial sectors, with the total in...


WEEKLY: China's seaborne coking coal prices remain stable

As of September 9, Mysteel's price assessment for hard coking coal (mainly referring to Russian coal trading) with 18.8-27.5% volatile matter had remained unchanged for the fourth week at $215/tonne CFR North China. On the same day, the pri...


Rio and Baowu to form JV to develop Western Range mine

When commissioned, the Western Range mine will boast an annual production capacity of 25 million tonnes of iron ore and will help sustain production of the Pilbara Blend from Rio Tinto's existing Paraburdoo mining hub. The project will incl...


Australia's coking coal exports to India fall to 2 year low

Australian coking coal prices, which fell by 63% in June-July ($240/t on FOB basis) from highs in March this year, continued the downtrend till the first week of August. However, from the second week, prices started recovering again to $270/...


WEEKLY: Japan's H2 scrap prices rise slightly

On September 9, mini-mills in the Kanto region around Tokyo were paying collectors Yen 48,000-49,000/t to collect H2 grade scrap, up slightly from the level of Yen 48,000-48,500/t a week earlier. However, the total increment since mid-August...


POSCO restart at Pohang progressing

POSCO had hoped to restart all blast furnaces by last weekend, as Mysteel Global reported, and though it restarted the No. 3 furnace on Saturday, the No. 4 furnace was not returned until Monday. Before noon on Tuesday, Korea's Yonhap newsage...


Taiwan Feng Hsin's rebar, scrap prices keep stable

For transactions till this Friday, the mini-mill continues to offer its 13mm dia rebar at TWD 20,900/tonne ($676/t) EXW, and its buying price for local HMS 12 80:20 scrap also stays unchanged on week at TWD 10,900/t, according to the officia...


EU energy crisis, Korea supply disruptions impact Indian mills?

Morning Brief: The India Steel Composite Index dropped a marginal 0.4% to 150.90 points for the week ending 8 September, 2022. However, this was the lowest point the index has reached since mid-April, 2022.    Factors keeping the index...


South Asia: Imported scrap market remains bearish

Interestingly, South Asian market is less active ahead of winter season this year compared to the same period last year. Recent deals Around 1,000 t of Europe-origin shredded scrap was traded at $460/t, CFR Nhava Sheva.Another 250 t of Bra...


Japan Aug ship orders dip 59% YoY, but steel demand firm

Japan's new ship orders in August were also down 47.4% on month. And the JSEA official believed that some sales negotiations have been prolonged because Japanese shipbuilders' offering prices have risen with higher material prices including...